SLR Investment Corp. (SLRC) To Go Ex-Dividend on June 13th

SLR Investment Corp. (NASDAQ:SLRCGet Free Report) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Thursday, June 13th will be given a dividend of 0.41 per share by the financial services provider on Thursday, June 27th. This represents a $1.64 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date is Thursday, June 13th.

SLR Investment has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect SLR Investment to earn $1.64 per share next year, which means the company may not be able to cover its $1.64 annual dividend with an expected future payout ratio of 100.0%.

SLR Investment Price Performance

SLR Investment stock opened at $16.58 on Tuesday. The firm has a market capitalization of $904.60 million, a price-to-earnings ratio of 9.31 and a beta of 1.12. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.17. SLR Investment has a 52-week low of $13.93 and a 52-week high of $16.73. The company has a fifty day simple moving average of $15.73 and a 200-day simple moving average of $15.35.

SLR Investment (NASDAQ:SLRCGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $58.10 million during the quarter, compared to analysts’ expectations of $58.96 million. SLR Investment had a return on equity of 9.51% and a net margin of 41.66%. On average, equities analysts anticipate that SLR Investment will post 1.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of SLR Investment from $15.50 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. B. Riley reiterated a “neutral” rating and set a $17.00 price objective (up from $16.00) on shares of SLR Investment in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. reduced their price objective on SLR Investment from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, SLR Investment presently has a consensus rating of “Hold” and a consensus price target of $14.88.

Read Our Latest Research Report on SLRC

SLR Investment Company Profile

(Get Free Report)

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.

Further Reading

Dividend History for SLR Investment (NASDAQ:SLRC)

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